Preprints are early versions of research articles that have not been peer reviewed. They should not be regarded as conclusive and should not be reported in news media as established information.
Research on Risks of Letter of Credit Settlement Based on Factor Analysis and System Dynamics Simulation
preprintposted on 2019-09-09, 21:27 authored by cheng zhangcheng zhang
Targeting at the problems in the risk assessment and control processes of the letter of credit settlement in China's export enterprises so far, it first adopts the quantitative method and exploratory factor analysis to extract the main factors. On the basis, the software VENSIM is used to design the dynamics causes tree and the flow chart of the letter of credit system. Next, the equation sets of DANAMO parameters are also constructed with the software. Finally, through observation of the system risk fluctuation diagram with system simulation, it gives enterprises some advice on how to identify risk points and how to prevent and control letter of credit risks in advance.
Yangtze Normal University Research Fund (NO:20170037)
Declaration of conflicts of interestNo conflicts of interest to declare.
Corresponding author email@example.com
Lead author country
Lead author job role
- Career College Faculty
Lead author institutionYangtze Normal University
Ethics statementThis study was approved by the management school of Hubei University of arts and science Ethics Committee (ethical approved code. 201612). IBR names: Yanyang Zhu (Dean)，Chao Xu (Secretary)，Xiaozhou Sun (Vice Dean), and Xiaocui Li (Vice Dean).
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